In an earnings call in which Caterpillar execs explained their dismal takings to investors, Cat execs explained their plan to grow by leasing tractors to Chinese companies with crummy track-records for payment.
They'll protect these investments the same way all the subprime Internet-of-Things companies do: with killswitches.
Hard to see what could possibly go wrong with turning several tons' worth of earth-moving equipment into a mobile computer designed to be remotely operated with commands that can override the user's.
"If a customer falls behind, we have the ability to derate the engine or turn the engine off, and we've set up a legal presence in all of the provinces of China."
In other words, any and all Chinese lessors who fall behind on their payments will suddenly find their excavator's engine shut down and no longer operable, stuck in the middle of a mine, quarry, or construction site with a paperweight weighing dozens of tons.
For Caterpillar The Depression Has Never Been Worse... But It Has A Cunning Plan How To Deal With It
(Image: Giant Caterpillar p2, AlfvanBeem, CC0)
In early 2018, Apple SVP of internet software and services Eddy Cue and SVP of internet software and services Morgan Wandell instructed TV creators it had commissioned to produce content for Apple TV Plus to avoid plots and scenarios that held China and the Chinese state up in a critical light.
AT&T business customers, including those who've been promised a locked-in rate inclusive of all taxes and fees, are finding "property tax" surcharges on their bills of up to 7%. These charges represent an attempt by AT&T to pass on the property taxes it pays on its own offices and other facilities to its customers.
Google and the other big tech companies are some of the most lavish funders of climate denial "think tanks" and lobbying groups, something they've been at continuously for more than six years, without interruption.
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